TITLE

Revisions Affected Over Half of S&P's Debt Derivative Profiles

AUTHOR(S)
Hume, Lynn
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/30/2006, Vol. 356 Issue 32391, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that revisions that Standard & Poor's Ratings Services has made to the criteria for its Debt Derivative Profiles (DDPs) for municipal issuers and borrowers have resulted in changes to many DDPs. The revisions give more weight to issuers' collateral posting and termination risk. Standard & Poor's has also added more gradations in a numerical scoring system. The rating agency considers issuers of tax-secured general obligation bonds and general revenue bonds in many areas including health care, higher education, and transportation.
ACCESSION #
21043201

 

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